Citadel-backed EDX Markets chooses Anchorage for crypto custody
EDX Markets — the crypto currency exchange backed by Charles Schwab and Citadel Securities — proceeds with Anchorage Digital as its digital asset custodian. Following its launch earlier this year, EDX Markets explained that the partnership with Anchorage Digital will allow it to settle trades through its own clearinghouse business, which is expected to become available next month, Bloomberg reported. As the crypto asset class is maturing, we are separating the role of the custodian and exchange. Customers don’t need to tie up assets parked at an entity where they aren’t sure what’s going on. EDX Markets CEO Jamil Nazarali EDX Markets’ partnership with Anchorage Digital is central to the exchange’s value proposition. The reason is that the trading platform promotes itself as non-custodial, meaning that it does not hold user funds and does not require as much user trust. You might also like: What is crypto custody? Digital asset safekeeping explained The exch...